LRW Honors Amtrak’s Acheson As Railway Woman Of The Year
From Editor-In-Chief Foran: Of Gender Equity And Inclusion
Spotlight On Some Of Today’s Rail Safety Products
Women of Influence in Rail eBook
Newsletter Sign Up
Stay updated on news, articles and information for the rail industry
Stay updated on news, articles and information for the rail industry
railPrime
Rail News Home
Rail Industry Trends
Rail News: Rail Industry Trends
11/14/2008
Rail News: Rail Industry Trends
LRV industry going strong, German consulting firm says
advertisement
During the next five years, the light-rail vehicle (LRV) market will generate more than $4.4 billion worldwide, according to a recent study by consulting firm SCI Verkehr GmbH. Half of that revenue will come from after-sales services.
The LRV market will average about 4.5 percent growth annually the next five years, according to "The Worldwide Market for Light Rail Vehicles: 2008 to 2013."
Why? The global demand for urban rail transport services has risen substantially, especially in Europe and North America, the study says. In addition, there's increasing public awareness of climate change, more efforts under way to reduce traffic congestion, about 100 light-rail systems currently being developed, built or upgraded, and more transit agencies are replacing their fleets with low-floor LRVs.
More than 44,000 LRVs currently are in operation worldwide, with more than 85 percent of them in the Commonwealth of Independent States and Europe. Bombardier Transportation, Alstom Transport and Siemens Transportation Systems Inc. have supplied more than 50 percent of all LRVs in the past five years, though there is growing competition from Kinkisharyo, Skoda Transportation and Stadler, according to the study.
The LRV market will average about 4.5 percent growth annually the next five years, according to "The Worldwide Market for Light Rail Vehicles: 2008 to 2013."
Why? The global demand for urban rail transport services has risen substantially, especially in Europe and North America, the study says. In addition, there's increasing public awareness of climate change, more efforts under way to reduce traffic congestion, about 100 light-rail systems currently being developed, built or upgraded, and more transit agencies are replacing their fleets with low-floor LRVs.
More than 44,000 LRVs currently are in operation worldwide, with more than 85 percent of them in the Commonwealth of Independent States and Europe. Bombardier Transportation, Alstom Transport and Siemens Transportation Systems Inc. have supplied more than 50 percent of all LRVs in the past five years, though there is growing competition from Kinkisharyo, Skoda Transportation and Stadler, according to the study.
